Leeds Building Society has launched a new one-year fixed rate bond paying 6.25% gross pa/AER on a minimum balance of only GBP100 with access, without notice or penalty, to 50% of the amount invested at any time.

The account will offer a monthly interest option providing a return of 6.17% AER for people who require an income.

Karen Wint, head of marketing & PR at Leeds Building Society, said: We have designed this product, which is available via our branch network, to offer customers a competitive guaranteed rate and access to up to 50% of their funds.

Customers can invest as little as GBP100 and will earn 6.25% AER fixed from a high street account, which is excellent value, with a monthly interest option paying 6.17% AER. This account provides an excellent return and good flexibility.